UTC

Latest company to get state funds
6:20 pm
Fri May 9, 2014

Malloy signs $400M tax credit deal for UTC

Connecticut Governor Dannel Malloy signed a law Friday  establishing a $400 million tax credit deal with United Technologies Corporation. The company can redeem the earned research and development tax credits at an accelerated rate. In return, UTC must spend up to $500 million to upgrade and expand facilities at Pratt & Whitney in East Hartford, Sikorsky in Stratford and UTC Aerospace in Windsor Locks.

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